The Indian rupee today ended higher today after trading in a narrow range for the day. Opening at 75.59, the rupee ended higher at 9 paise higher at 75.63 per US dollar, after trading in the range of 75.49 of 75.73 during the day.
The rupee had closed at 75.72 in the previous session. Domestic equity markets today gave up intraday gains to close lower. In the previous session, the rupee depreciated by 64 paise to settle at 75.73 against the US dollar due to fears of a renewed trade war between the US and China, snapping its four-day winning run.
Analysts say that over the near term, rupee would remain an interplay between Covid situation and the China-US tensions. “Tensions have escalated between China and the US as latter has accused the